In January-June net profit of Tuapse Commercial Seaport totaled RUB 1.67 billion, up by 1.5%, YoY, the company says. The company’s revenue increased by 24.4% to RUB 3 billion. OJSC Tuapse Commercial Seaport (TCSP) is the major operator at the port of Tuapse, one of Russia’s largest ports. TCSP is part of UCL Port, a…
Maritime transport and tourism should be developed in the Arctic, press center of the Russian Security Council cites its Secretary Nikolai Patrushev as saying at the VI International Meeting of the Arctic Council member states, observer states and scientific community representatives. “Arctic pioneers of the present day should not only develop it for economic purposes…
Rusagro Group, one of the largest vertically integrated enterprises in Russia, plans to export pork to Vietnam beginning next year. “Shipments are expected to start next year”, Maxin Basov, General Director of Rusagro, said. Russia’s largest meat processor ABH Miratorg has also been licensed to supply poultry, pork and beef to Vietnam. “With a population…
The new company – Gazprom NGV Europe – is a wholly-owned subsidiary of Gazprom Germania GmbH and will continue its CNG business. Gazprom NGV Europe currently operates 50 natural gas filling stations in Germany and has already constructed a further ten filling stations in the Czech Republic and Poland. The establishment of this company will…
Russia’s Federal Antimonopoly Service believes that a decision to introduce an excise duty on sugar-containing beverages will lead to higher food prices, a lower purchasing power and falling budget revenues, Anna Mirochinenko, director of the service’s chemical and agriculture industries control department, said. “The Federal Antimonopoly Service believes that expanding the list of excisable goods…
Russia’s Finance Ministry plans to collect additional 2.5 trillion rubles in 2017-2019 to finance budget deficit. The ministry wants to raise taxes, mobilize revenues and deplete sovereign funds in 2017-2019, some of the officials said. The proposals were discussed at a meeting held by the First Deputy Prime Minister Igor Shuvalov on Monday, but no…
The Russian government will use pension savings of the working people for 2017 to pay the current retirees, Deputy Prime Minister Olga Golodets said. The measure was used for the first time for savings in 2014 to spare more state money for the current pensioners. “We have reached a definite limit, there is no money…